Baker Hughes Rating Reiterated by Jefferies Group (BHI)
Baker Hughes (NYSE:BHI)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Friday, Stock Ratings Network reports.
Shares of Baker Hughes (NYSE:BHI) traded up 1.19% during mid-day trading on Friday, hitting $50.23. 1,454,119 shares of the company’s stock traded hands. Baker Hughes has a 52 week low of $39.44 and a 52 week high of $50.88. The stock has a 50-day moving average of $48.88 and a 200-day moving average of $47.08. The company has a market cap of $22.254 billion and a P/E ratio of 22.04.
Baker Hughes (NYSE:BHI) last issued its quarterly earnings data on Friday, July 19th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.11. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Baker Hughes will post $2.97 EPS for the current fiscal year.
BHI has been the subject of a number of other recent research reports. Analysts at Susquehanna reiterated a “hold” rating on shares of Baker Hughes in a research note to investors on Wednesday. They now have a $50.00 price target on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Baker Hughes from $57.00 to $53.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Cleveland Research initiated coverage on shares of Baker Hughes in a research note to investors on Tuesday, October 1st. They set a “neutral” rating on the stock. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Baker Hughes currently has an average rating of “Hold” and an average target price of $52.35.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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